Northwest & Ethical Investments L.P. grew its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 15.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,226 shares of the business services provider's stock after purchasing an additional 428 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Booking were worth $16,028,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Teacher Retirement System of Texas grew its position in Booking by 234.8% during the 4th quarter. Teacher Retirement System of Texas now owns 25,776 shares of the business services provider's stock worth $128,066,000 after acquiring an additional 18,077 shares during the last quarter. Sandy Spring Bank boosted its stake in Booking by 1.4% in the fourth quarter. Sandy Spring Bank now owns 797 shares of the business services provider's stock worth $3,960,000 after purchasing an additional 11 shares in the last quarter. Royal London Asset Management Ltd. grew its holdings in shares of Booking by 16.4% during the fourth quarter. Royal London Asset Management Ltd. now owns 70,471 shares of the business services provider's stock worth $350,130,000 after purchasing an additional 9,945 shares during the last quarter. First Financial Bankshares Inc increased its stake in shares of Booking by 0.6% in the fourth quarter. First Financial Bankshares Inc now owns 836 shares of the business services provider's stock valued at $4,154,000 after buying an additional 5 shares in the last quarter. Finally, GM Advisory Group LLC raised its holdings in shares of Booking by 73.3% in the fourth quarter. GM Advisory Group LLC now owns 130 shares of the business services provider's stock valued at $648,000 after buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.
Wall Street Analyst Weigh In
BKNG has been the topic of a number of research analyst reports. Baird R W raised shares of Booking to a "strong-buy" rating in a report on Wednesday, November 27th. B. Riley boosted their price objective on shares of Booking from $5,700.00 to $6,000.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. StockNews.com lowered Booking from a "buy" rating to a "hold" rating in a research report on Thursday. Benchmark boosted their target price on Booking from $5,000.00 to $5,900.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, DA Davidson raised their price target on Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a report on Friday, February 21st. Eleven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Booking presently has an average rating of "Moderate Buy" and an average price target of $5,370.43.
Check Out Our Latest Report on Booking
Booking Stock Performance
NASDAQ BKNG traded up $92.46 on Monday, reaching $4,709.72. The company had a trading volume of 232,020 shares, compared to its average volume of 232,611. The company's fifty day moving average is $4,788.52 and its 200-day moving average is $4,713.79. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The firm has a market capitalization of $154.55 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40.
Booking (NASDAQ:BKNG - Get Free Report) last announced its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $35.82 by $5.73. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The business had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. On average, research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.
Booking Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.82%. This is an increase from Booking's previous quarterly dividend of $8.75. The ex-dividend date of this dividend is Friday, March 7th. Booking's dividend payout ratio is currently 22.19%.
About Booking
(
Free Report)
Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.
See Also
Before you consider Booking, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Booking wasn't on the list.
While Booking currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
